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, user's guide to taxes. big change is coming. he will get you prepared tonight . and america's worst charities, is essential advice on giving wisely this christmas. we're watching out for you tonight on "the willis report." ♪ gerri: welcome to "the willis report." your show, your money, your voice. tonight your health care costs. new warnings of how the architect of obamacare processing you can keep your doctor if you paid up with more on this, it has some fire, health fellow at the heritage foundation. dr. kevin campbell, cardiologists will we're talking about, over the weekend, ezekiel emanuel said that, yes, you can keep your doctor, but you may have to pay more. listen to this. >> he asked a question, if you like your doctor, you can keep it. did he not say that, sir? >> did not say you could have unlimited. >> a simple yes or no question. >> yes. if you want to pay more for an insurance company that covers your doctor, you can do that. this is a matter of choice. you pay more for a wider range of choices or wider range of benefits. gerri: you are a doctor. did this come as a s
are going to deliver the best business blockext. neil takes it away. >>> pump it, then tax it. i don't know about you, you've had enough of it. welcome, everybody. follow the money if you can even find the money. because it is not easy to get t of the democratic congressman when he's looking for money. not just a little more money. oregon's guy wants to double the taxes because he says our infrastructure needs the dough. i asked can you spell out for me congressman where that $42 billion has gone? >> the sbujt available for every state. the budget is available for every state. >> if the goal was to fix roads and bridges, and they're still, accurately to your point, falling apart, me think somee has stolen it, someone it was taken it. >> wow. >> wow is right. i should never have interviewed somebody with a bicycle pin on their lapel but that's neither here nor there. here's the deal, if we're already collecting more, than 120 million buck each year to fix our roads and bridges. i haven't factored in the $800 million in stimulus money that was supposedly going to shovel ready road jobs, are p
be sold. be doing so. >> thank you, caroline. on he u.s. is clamping down tax evasion. urged to s are being participa participate. we have all the details. been talking about it. this could be the end of the ing -- bingeing. >> we are at the turning point they the americans believe $100 billion. u.b.s.. has gone after the department of justice saying you notice,ve given we want you on board and go for voluntary disclosures in terms names of people that you have helped evade taxes and swiss saying guys get on board with this program because don't you potentially face criminal investigation and fines. that s one way of jumping and staying in the u.s. and saying to the authorities look, numbers the names and and it definitely has had an impact. in terms of u.s. assets overseen byswiss banks it has dropped 70% and the americans said yeah swiss bank account and the amount of money. >> this is the disclosure. saying i think you should comply now otherwise they say spying. 14 banks are already involved in criminal investigation and go to the after you sites so you have credit suisse, h
, a three-step phase-in a 15-cent gas tax increase. the first increase in 20 years. >> well, he said he would do it, and today he d. i just last night asked pointblank why the heck he was. there are a lot of people listening it this. this congressman is talking about -- >> don't trash security councci- >> if the gas tax, acting like it's no big deal. >> i didn't say it was not a big deal. i said it is a big deal. it's very important. the ability to fund transportation because we haven't raised the gas tax in 20 years -- >> you can't account for the money that's been allocated already, that's committed already. >> absolutely you can. look at your communities in terms of the bridge construction, the maintenance. onestly believe working with the folks that you do that the money you might get from this gas tax is going to be used exclusively and only for repairing roads and bridges and fixing our highways? do you think that's really going to be the case? does the history with the people you work with indicate that that will ever be the case, really? >> why do you say that? where do you thin
, the horrific tax code, less opportunity for people to rise up. >> rick, he is criticizing something that happened under his watch. >> yeah, here's the problem that i have. first of all, and john will love hearing me say this. i'm not sure that government is a big answer. >> we are all happy to hear you say that. >> i knew you would be. but here's the problem. most people analyze this in terms of do you think obama's policies produce growth, anti-growth. growth is actually not the issue because it only matters if it's shared. if a company that's making $14 billion in profits this year makes $20 billion next year, what's the difference if they don't are the benefit? >> but john, it is kind of the issue because sometimes a rising tide lifts all boats to quote john f. kennedy, rick's favorite president. if you look at what happened under the reagan term, the lower 20% and the top 20% increased by double digits after those tax rate cuts. >> i'm one of those people who believes that income and equality is unrelentingly beautiful. when that expands that means that life-style and equality i
savings goodbye. a gas tax hike that could wipe them out. ick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> talk about a kick in the gas. a push to double the federal tax on every gallon of gas. to democratic congressman says it's time and it will do some good. you're talking about hiking the tax to more than 33 cents a gallon. that doesn't sound all too good but explain why you think it's a good idea. >> well, first of all, we haven't raised the gas tax in 20 years. during that time the amount that the average motorist pays per mile they drive because of increased full efficiency and inflation, has been cut in half. we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened t
and succeed and the bad schools will fade away. we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and try t
down. he is going to propose a number of tax cuts or tax preferences as well as spending increases to try to do that and that may exacerbate the short-term but then he pivoted which i think is important to talk about the structural deficit. and that is what threatens the state. it's not the ice that is above the water. it's the ice that is below the water. it's not the debt on the balance sheet, it is what is off the balance sheet that disrupts the future and he talked about three things, he talked about freezing a portion of discretionary spending, less than 20% of the federal budget for three years. three years is better than one book, and you know, frankly it is a modest first step especially since discretionary spending has increased 20% plus over the last two years in the second we talked about supporting the pedro rule the senate might be voting on right now. there's lots of holes big enough to drive a truck through and on the other hand it does provide some come strains that otherwise wouldn't be there so i think it is a modest step forward. third and most important he came
a few things that were on our list that we just had to get done. the tax code had to work, education had to work. you had to have regulatory system that worked. you had to be fast on the dime in working with the private sector because they could take their investment and go elsewhere real fast. so we had our own little strategy. and i would guess that you sitting down, what is the strategy for hawaii? what is it that you must get ght to survive in the 21st century? and that then define what is you need to do even if you find yourself in the minority position. >> did i hear you correctly are you the only republican in the tate senate? >> i'm actually in the house. but there is one senator out of 25 in the senate and there are 7 out of 51 in the house. so we are eight out of 76. >> we're trying to change your dynamic. >> well, the united states capitol there's a saying in the house that the other political party is the opposition. but the enemy, the enemy is the senate. so i guess we temporarily lumped you in with the enemy. so we're sorry about that. it sounds like your side emphasizes qu
ok if you want to stand -- tax stand and say we are taxing you to support people with pre-existing conditions and sick people. i am not ok with messing up all this marketing and making me have maternity and all kinds of stuff in there as some kind of hidden scheme to make the subsidization. if we as a society want to to implement universal health care the way they want, let's at least be honest about it and put a tax on all of us and say we choose to do this. >> you are willing to pay that kind of tax. >> what i be willing to pay for it? i would feel a lot better paying for it as a tax than mucking up the whole incentives within the health-care system. what i be willing to pay for it? yes, i think i would. >> you go to college campuses and you have a central erie that i referred to in the introduction which is that you believe it is unfair what we are doing to young people today. we are burdening them with circumstances that we did not have so that they can take care of us. >> yes. >> that is simplified. you explain. >> the way our entitlement system works is that it is no
that. by your gifts online, paying tax, others don't, supreme court doesn't want to get in the middle of it. judge andrew napolitano has no problem getting in the middle of that. and then, consolidating your wallet into just one card. the high-tech idea could be the way we shop in the future. it is all coming up along with dagen mcdowell on "markets now." dagen: giddyup. changing out of the shirt you had done earlier and now you look more businesslike. connell: i will take that as a complement on both sides. i have no other choice but to check the market and talk to the judge. dagen: we have to hit your slender. we have gains on the market right now despite the better-than-expected numbers from adp, nicole petallides at the new york stock exchange. nicole: you mentioned adp, which was better. we also got new hom home sales numbers better than expected, we are seeing the market with three straight days of selling and they might have scooped up some opportunity. right now dow jones industrial of 41 points, a gain of one quarter of 1%. microsoft hitting new highs, goldman sachs and unite
financial institutions be willing to take on failing institutions when they might be taxed with the result? so, that's one issue of policy that we have to look at carefully. the committee was also concerned about one other thing that, which is really to me, in particular, and to other members of the committee, particularly troubling. and that is, that the, the charges that were placed against jpmorgan came after the chairman of the bank started to take on the government's policy in a number of areas. he was critical, i'm talking here of jamie dimon. he was critical of the, of the dodd-frank act and was critical of many other regulatory policies of the government. and, at the same time, he was in a sense, a spokesman for thing industry but an individual who was the chairman of a large bank then following those criticisms, came all of these charges against jpmorgan chase, which had previously been thought to be one of the healthiest and best-managed banks. so, the worry here is that the lesson that the government is, or the message that the government is sending is that, if you criticize the
. that and the machines is why these protests will never work. melissa: a new call to double the gas tax. finally driving less and buying hybrids. the government wants to tax us as a reward. the details on that one. finally you can drop your iphone to your heart's content because this case is nearly indestructible. check this out. our latest installment. more "money" coming up. ♪ so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trappe why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. just by talking to a helmet. it grabbed the patit's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stopligs. my ambulance talks with smoke alarms and pilots and adiums. but, of course, 's a go
: a new call to double the gas tax. finally driving less and buying hybrids. the government wants to tax us as a reward. the details on that one. finally you can drop your iphone to your heart's content because this case is nearly indestructible. check this out. our latest installment. more "money" coming up. ♪ ♪ melissa: from the u.s. to every corner of the globe, "money" has been flying around the world starting in germany where the government wants foreigners, like us, to start paying off to use the audubon. i you kidding me? a highway toll is expected to raise hundreds of millions of dollars for the country, at is causing average for people in neighboring countries that right through germany just to get to other places really fast. so much for europe's open borders. over to china where the smog levels in shanghai are so bad that flights in and out of the airport of being canceled. some of women at dangerous levels of air pollution on many cold-fired power plants and surrounding provinces. it is not so bad for some companies. those selling face masks, profits have skyrocketed. lan
tax on the rise during the holiday shopping season. when do you need to pay taxes for things you buy online? we'll tell you coming up. >> also ahead, a play of the day that will have you on the edge of your seat. >> cloudy with showers now but get ready, we are headed for the deep freeze! we'll tell you when coming up. >> and even though traffic conditions are pretty light right now over at the bay bridge toll plaza, there is a stalled bobtail truck blocking a lane on the deck. we'll show you where. but first, we want to know what drives you crazy during your commute. you can ask a question or share a gripe by e-mailing crazy@kpix.com. we're pointing to lawrence. what drives you crazy besides lawrence? tweet me at #ewengerkpix. we'll be right back. ,, i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any
, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this country should dread. >> order. >> you're been watching prime minister's questions. question time cares on c-span2 every wednesday. again on sunday night at 9:00 p.m. eastern on c-span. you can watch anytime at c- span.org. on the next washington journal, what to expect from healthcare.gov afternoon fixes. scott wilson joins us. health careon state exchanges and online enrollment compared to the federal exchange. in recognition of the 150th anniversary, a discussion about the law and dealing with whistleblowers and its effectiveness. plus, your calls, e-mails and tweets on "washington journal" on c-span. social media is an old idea. we think it is recent and only people alive today have done it. there's a very long and rich tradition of social media that goes back to the late roman republic. that is first century bc in the point is you do not need a digital network to do social media. you could actually do it in your own face. c
tax reform. there's a whole bunch we could work on that would be great. maybe we ought to look at some of those things like health care system costs and what the government is going to be paying in the next few years that is not discriminatory spending. it is getting smaller and smaller because of mandatory programs. they need to take a look at those programs and see what they can do to maybe get that in check. we don't have out-of-control spending and we get caught up in laws that require mandatory spending and we have no flexibility and the debt keeps going up. stacy from arlington, virginia with some of his ideas and some of the short and long- term issues that he thinks congress needs to tackle. nbc the subject of an news.com story talking about congresses to do list for the end of 2013. calling that to do list a might do list. some of the issues on that might in the last month of the year. it notes expiring tax provisions , that more than 60 tax provisions are set to expire at year's end. also on thatalso on that my to-s the medicare reimbursement for doc there's. --for doctors.
to give yourself a break when it comes to your 2013 taxes. we're going to explain some steps you can take, coming up next, erica. >> it is raining out here right now, mike, but by the end of sunday, we could have some snow or slush on the ground. i'llell you why, coming up in the first alert seven-day forecast. >>> welcome back. besides celebrating the holidays, it's also a very good time to start looking at your finances. tax time is going to be here before you know it, so that's why sandra black from personal finance is here to tell us some steps you can take to make sure you're not going to get really pummelled when it comes to your 2013 taxes. thanks for coming in. are there things you can do right now with your withhold sng is that one of the things that you can manipulate this late in the year? >> what you can do is increase the amount of money taken from your pay check and put into your had 401k. you can ask some of it to come out into your 401k. it increases your retirement savings, which everyone needs to do, and second, that money won't be taxed, so that means you'll have less m
taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has obama failed detroit? >> here's the problem. the president says let me t
's pension benefits an cut those benefits, adopted a multimillion dollar tax cut for multinational corporation within that state. so the state is not impoverished. the state is choosing priorities that are different than the citizens have chosen by adopting a constitutional protection of pension benefits. >> woodruff: andrew biggs what about that, and what about the bigger picture here, that the blame, that if there is going to be pain, the pain should be spread, that it shouldn't be mainly or even in large part these people who have worked so hard for these cities. >> uh-huh. i suspect in the case of detroit, it's not going to be mainly or in large part on the pensioners, it going to be mostly on the bondholders who are going to get hit much more. i mean steve is right when he cites the average benefits people receive from pensions. that includes a lot of people who spent a few years in public employment and are getting very small benefits. if you are somebody who spent a full career working for the city of detroit, you would retire with a benefit equal of around two-thirds your f
the discussion over the past five years. hikes.looking at tax they are also not looking at significant cuts to medicare, security,or social which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. thingse also looking at -- a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. like can't there right now? why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was possible -- after all these failed budget agreements in the past, look we are not even going to go there this time. we are going to go for someth
is you do have companies have moved jobs overseas because of corporate tax rate, workers here, rules, regulations, or other types of policies. to try to get the countries to -- and they are, reshore the jobs back to america. in order to retain our jobs, we have to have the right skill our, the right education in nation to be able to provide those employers with the skills we need. now, we have a mismatch. back 55 years ago. of the jobs in america needed a high school degree to reach the middle class. your word, byron, middle class. to reach the middle class to make a good wage in america. ecause of technology, innovation, how we travel across the world and how we compete in global economy, now that number has dropped down it's not 79% anymore. it's around 35% of our jobs in high school a diploma, which means we have a big skill scant. it's in the manufacturing jobs, john. you can't show up with a high get l degree and expect to a job in a manufacturing plant. you have to have some type of to do, to read, to write, basic math, to operate to machinery, the equipment, the things that yo
freedom. less red tape, less taxes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce tax and red tape so detroit businesses can grow and throb. he called his plan a conservative war on poverty. it's time we revisit some of the ideas of jack kemp and expand upon them. the bill that i will introduce, will introduce power and freedom zone. this political lower personal and corporate income taxes in detroit to 5%. my bill will lower the payroll tax, 2% for the employees, 2% for the employers. economic freedom zones will cut out the red tape that keeps new businesses from starting and old businesses from thriving. inside these ozones will suspend the capital gains tax. we will allow all small businesses to deduct most of what they invest in the first year of purchase. how will this differ from tr
, -- limitations of acceptability, the feasibility, and cost. what can we do? we could tax and restrict access and intervene. i am not suggesting we intervene. we tried that with alcohol. it was a disaster. you cannot have storm troopers invading people's homes for baking an apple pie. that is not going to happen. i do not even suggest it. because my wife would be the first one they would have to take away. what we need to do, like we have with every other substantive abuse is come to peaceful coexistence. we have to find the right amount of legislation, regulation to be able to manage the problem rationally, like we tried to do with tobacco. we can argue about the wisdom of that, especially worldwide, and alcohol. no interdiction but plenty of taxation and restriction of access as needed. so what factors contribute to increased soft drink consumption? price. since the 1980's, the price has and the introduction of high fructose corn syrup, the price has only increased 50% versus food. food has gone up higher than sodas have. sodas increased only 20% against fruits and vegetables. we are suppos
a movement among young people that would change entitlements and also taxes. >> i want to shine a light on this issue and i am desperately hoping the young people will start a movement. do i want to start the movement? i don't think i'm capable. do i think i canar tick tlat facts and have i seen them respond that somebody out there can start a movement? yes. in my opinion they were instrumental in getting gay marriage passed. they're moving the needle on the environment. this thing is very similar. >> rose: on both of of those issues you were on their side. on gay rights and the environment. >> still am. >> rose: we conclude with guillermo del toro, the mexican filmmaker and author. >> i think that the way to understand the universe is by sort of codifying hit in the dichotomy of angels and demons. you can call them monsters, superheroes, whatever it is but we have to mythologize the universe in order to apprehend it. because if you don't -- it's like digesting concepts that are so large, so super or supra human that you need mythology to understand it. >> rose: stanley druckenmiller an
really bad risk pools. all right, so this is going to be budget neutral. not involved with tax payers. what they did not anticipate was that wasn't going on the an isolated problem, but an industry wide problem so then who comes in? the government. i'm sorry did i say if government? i mean the taxpayer. it's a bailout to make sure they don't leave the program after 2014. if they flee the program, the whole edifice begins to collapse. absolutely a bailout. >> as of monday, a good report from "the new york times" and others, as of monday, they're lowering the so-called individual threshold. it used to be $60,000 losses and then the government would help them out and now it's only $45,000. the enrollment is not going to favor the young people. this is a democratic thing. why are you democrats always in bed with the big corporations and this crony capitalism around the big trade you know on the labor? why can't you play it straight? >> and this is the same argument we're having over in the budget world where we don't want to close corporate tax loopholes? >> i want to close corporate tax
. because rich people got their tax breaks. until they finally got them put back in. when obama inherited the office, rich people were getting big tax breaks. >> you mean the tax breaks that b obama kept? >> yes. >> now they're not is what you're saying? >> yes, they took the tax breaks away. >> how do you explain the top 1% is outpassing by seven times what the lower 99 are making? >> here's exactly what obama -- >> believe it or not, president obama has actually widened the income gap but in a good way, bob, in a good way, because the 1% is going up, 34%, 99%, 4%, but they're going up, so that's a good thing. incoming equality is a misnomer. if the rising tide is rising all boat, raising all boats, that's a great thing. >> how can you say 15 years the top 1% increase of income take home pay is 247% and middle clashgs over the same 15 years, is 15%? you're saying that's equal? >> he's saying the numbers are rising up and that's good. >> it's better for everyone when this happens. >> when the rich people get richer? >> and the poor people get richer, yes. >> before you continue, let me ge
to find violators. what if a president wanted tax cuts that congress would not enact? president george w. bush proposed a reduction in the capital gains rate. have instructed the irs not to tax capital gains at a great greater than 10%? the point is not what you think of president obama's policy decisions. the point is, the president may consistent with the command that he faithfully execute the waiveunilaterally amend, or suspend the law. must resist the delivery pattern of circumventing the legislative branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our abandoned into be favor of an undue concentration of power in the executive branch. warned, theison accumulation of all powers, legislative, executive and hands mayin the same justly be pronounced the very definition of tyranny. i introduced mr. conyers for his opening statement. >> top of the morning to my colleagues. the president's constitutional duty to faithfully execute the would be an important issue worthy of hearing by this was anye if there evidence that the president ha
listing means for the exchange. lori: big tax fighting back, some of the sector's biggest names callin: on washington to b government surveillance. their plan straightahead but first time for stocks now, let's head to the floor the new york stock exchange with nicole petallides. stocking sendin extending fridag jobs inspired jump. nicole: that is) jobs inspired jump, without enough to push us over the unchanged line for the week but we did have a nice gain on friday, 200 planes worth. today adding 19 points, that pales in comparison but still end up arrow nonetheless. at least has been kept to the upside up about one-tenth of 1% to a quarter of a percent. it is worth watching the s&p, it is up nearly 27% this year, which is the best year we have seen since late 1998. we have a big deal today. talking about the food company, u.s. foods reached a deal to merge. the total enterprise of the transaction everything included is actually over $8 billion. up 11.5%. back to you. adam: so, deal or no deal. negotiators in the house and senate work to hammer out a budget deal before the house leave
from the bedroom tax. [shouting] that is not true. will be deputy prime minister apologize and put the record straight? [shouting] >> mr. speaker, the honorable lady talks about standing up to vested interest. this in the week that we discover that the great courage of the labour leadership that stand up for the trade union came after, guess what? guess what? maÑana, montana, maÑana. all too difficult. [shouting] >> order. this house should be the bastion of free speech. neither the deputy prime minister nor the lady must be shouted down and we will keep going with this session as long as it takes for proper order to be absorbed. the deputy prime minister. >> and drink if i may say so it should be the bastion of political parties free of vested interest. and it is high time, it is high time that the labour leadership do what they say and stand up the trade union paymaster. she should stand up to hers. >> harriet harman. >> well, mr. speaker, i suggest that you leave it up to us to worry about our party members, especially -- [shouting] especially as so many of them used to be yea
in new york city, killing four people. >>> is something else ailing obamacare? >>> taxing online sales. the supreme court has its say. >>> federal investigators are now looking at the black boxes of a train that derailed in new york city on sunday. they want to know what caused the train to jump the tracks, killing four people and injuring dozens more. crews cleared the tracks so service could resume on one of the busiest train lines. jonathan, good afternoon. how are the cleanup efforts going right now? >> well, stephanie, i would say crews are on the final stretches of work, at least here on the scene they brought on a out a cadaver dog. they uprighted most of the cars at this point. this is the final car. if you can see through the bushes here you'll see that final car there. they were just able to upright with these large cranes that they've been using and they've been hauling the other cars away. in fact the one you've been looking at, the earlier video, this is the car that was just inches from the water, where near where the hudson and harl rivers meet. that fourth person found
, by refusing to fine violators? what if they president wanted tax cuts that a president would not enact? to the instrument the irs to decline to enforce the income tax laws? president george w. w. bush proposed unsuccessfully a reduction in the capital gains rate. should he have instead simply instructed the irs not to tax capital gains at a rate greater than 10%? the point is not what you think of any president obama's individual policy decisions. the point is the president may not consistent with the command that he faithfully execute the laws unilaterally amend, way versus and the law. we must resist the president deliver a pattern of circumventing the branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our constitution to be abandoned in favor of an undue concentration of power in the executive branch. as james madison warned centuries ago in federalist number 47, the accumulation of all powers, legislative, executive and judiciary in the same hands may justly be pronounced the very definition of tyranny. it is now my pleasure to
that and lowering the corporate tax rate loopholes in a way that would be a better bargain for jobs in this country. to invest in universal prek. e need to continue to do the things that the president has jobs to rd to attract america from overseas and to n ing home jobs from america companies that are located overseas, bring them home to build on those trends. we need to continue to build on the trends, the positive trends we've seen in the manufacturing sector in this country. epresented by the automobile companies but also by host of signs and ive developments in manufacturing. so the president is not the east bit satisfied or complacent with where we are. that's why we really believes that we ought to have a spirited conversation about what are we going to do to reduce an equality. what are they going to do to jobs se the number of overall. but particularly the number of obs that pay a middle class wage and provide middle class security to families across the country. said in that speech that we done with e of this congress and where congress will take move, he action that he can on his own, fu
. in some instances, require you to file an income tax return. is the constitution capable of ignoring both categories of law? said, several times, congressman garrity, -- cannotthe president refuse to enforce a law because the policy reasons. >> the congress decided that if you possess a controlled substance, you get a certain in prison.ime you may or may not like mandatory minimum sentences, what this administration summarily dispensed with that law. my question to you is whether or not the chief executive ken and failed to enforce categories of law that are permissive and mandatory. >> it is established that the executive branch has prosecutors prosecuteretion -- orial discretion. >> can the president -- let's assume that a statute requires you to have two pieces of identification to purchase a firearm, can the chief executive knock it down to one? >> i guess i would -- -- can achieve executive >> can the chief executive knock it down to one form of identification? of limits onare the presidential pardon authority. >> you would say he could question mark >> under the pardon authority, he
white house quietly pass a rule giving unions a huge tax break under obama care? that investigation is next. later, a bus full of kids so out of control the driver had to call the cops. wait until you hear who wound up in trouble. >> [ bleep ] focus on what you're doing. what if you hit somebody? you think it's [ bleep ] funny, look at me like a man. you want to grow up and be a man? look at me like a [ bleep ] man. ] i better take something. [ male announcer ] dayquil cold and flu doesn't treat all that. it doesn't? [ male anner ] alka-seltzer plus fights your worst cold symptoms plus has a fast-acting antihistamine. oh, what a relief it is! >>> from the world headquarters of fox news, it's "the kelly file" with megyn kelly. >>> well, for several weeks now we have seen reports about unions complaining over a new obama care tax that is reportedly pricey. we are trying to learn if this administration has quietly passed a rule giving unions a very big break on that tax. trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan fo
a rule giving unions a huge tax break under obama care? that investigation is next. later, a bus full of kids so out of control the driver had to call the cops. wait until you hear who wound up in trouble. >> [ bleep ] focus on what you're doing. what if you hit somebody? you think it's [ bleep ] funny, look at me like a man. mine was earned orbiting the moon in 1971. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a
with the top of that lead? >> that was a lot of crap. because the rich people got their tax breaks they finally got them put back in. rich people were getting big tax breaks. >> let me ask you this question. >> they're not is what you're trying to say? >> they took the tax breaks away. >> how do you explain the top 1% is outpacing by seven times -- >> how many years during obama's term did they have exactly what this is? >> believe it or not, president obama is wrong. he has widened the income gap but in a good way, bob. in a good way. one percentage going up 34% and 99% going up 4% and that's a good thing. incoming equality is a misnomer. if the rising tide is raising all boats that's a great thing. >> how can you say in 15 years the top 1% increase in income and the middle class, the same 15 years is 40%. do you think that's equal? >> he's saying it's going up. the numbers are rising up. >> i'm saying it's better for everyone when this happens. >> the rich people get richer. >> and the poor people get richer. >> let me get greg in here first. >> this argument about wealth or income inequality
which is trying to make a big stink about this suggesting that they wouldn't, for example, allow tax cuts or other types of things for certain companies and not others, right? this is whether we should have tax cuts. >> this happens all the time. totally incestuous between public and private constantly. look at places like illinois now where any company that stays is getting some kind of a deal except probably the small ones. >> except the small ones. any company of any size is getting a deal. >> maybe the rolls should be across the board nothing? >> no. >> a friend of mine, joannea kagan. >> didn't bob kraft do it in foxborough? >> i don't know enough. >>> let's talk about the next story. if you work on wall street and are considering growing a beard, an article in "the new york times" says that while beards are in fashion right now, that is not the case in the finance industry. i guess it's okay in fashion, it's okay in design. a lot of different areas if you're a helpster but in the fashion world, gentleman, the argument goes it looks like you have something to hide. >> you could
an employer mandate penalty or a tax. a critical issue is the definition of employee but equally important is the issue of which and how many employees are it should be to to the business. the answer may be simple for one business with a single owner however when an individual shares ownership of multiple entities or when a business has multiple owners the answer is less clear. today we will examine the process of determining whether businesses are considered single or multiple entities under the health care law, which requires business owners to aggregate employees and could subject the business to the obamacare employer mandate. according to the national federation of independent business, 39% of small businesses with 20 or more employees on at least 10% of one or more other businesses. to determine if the threshold of 50 or more employees has been met with the situations the health care law utilizes the internal revenue service code, controlled group business aggregation rules which are complex and confusing even for most experts. some experts have suggested that most small business own
taxes, and i think we can tackle that over the next couple of days. the most recent gallop polls showed 9% of americans approve of the job that congress is doing. that's the lowest level in modern history. congress has passed 115 bills since january. >> every on single one of these bills have been blocked by washington and the democrats. they continue to stand in the way of the people's priorities. >> reporter: the list of legislation still to be accomplished clue includes the m bill. it expires january 1st. the house and senate are still billions apart on snap, the food stamp program. one of the sticking points has been what to do about dueling probations dealing with sexual assaults in the military. unless congress acts unemployment benefits will expire on 1.3 million americans. >> it's not just the right thing to do for our families. it's the smart thing to do for our economy. >> reporter: president obama used his radio address this weekend to push for an extension. house speaker john boehner said he's open to legislation to continue the benefits. >> we'll get the latest on the delib
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